October 23, 2018 |
Empresas Publicas de Medellin (EPM) announced it has renegotiated its credit lines in Aguas Antofagastas and obtained a five-year facility for its Panamanian subsidiary Elektra Nordeste on Monday.
The power company said the negotiation has extended the life of its debt profile to 6.3 average years from 5.9, and will aid in reducing its short-term cashflow as it continues to chart out its strategy for the Ituango hydroelectric project.
For Aguas Antofagastas in Chile, EPM signed a $430m facility
Power company gathers commitments for its units in Chile and Panama